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Sep 3, 2013
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authorities and maybe none to the uk authorities because of the two-step structure. >> great point. >> they used the tax structure that was outlined by the cfo of verizon if you recall on the longstanding dialogue. that was an important point when on a verizon earnings call they talked about how to do the deal tax efficiently vodafone before much of this unfolded, and they are using that structure. >> how about the fact that it is creative, and so many people called and said, boy, verizon seems so expensive, because on the eps basis, it didn't seem growth, but this is year over year very exciting. >> well, 10%, and there had been an expectation of as much 19% excretion, and that is not going to happen, and as i said, you could add more debt and be more creative, and the flowback concern is valid, jim. >> well, it is a great question and i had not heard it asked by others, other than you. >> well, they are going to go out to try to buy more verizon. >> well, it is a buy equivalent, and when you see it march toward 3.0, this could be a poorly timed deal if the 10-year goes to 3.00 and n
authorities and maybe none to the uk authorities because of the two-step structure. >> great point. >> they used the tax structure that was outlined by the cfo of verizon if you recall on the longstanding dialogue. that was an important point when on a verizon earnings call they talked about how to do the deal tax efficiently vodafone before much of this unfolded, and they are using that structure. >> how about the fact that it is creative, and so many people called and said,...
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Sep 4, 2013
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the pmis in the uk, you got to go back five or six years. are you feeling that on this front or is it less noticeable because you never really had the downturn that say a manufacturer did? >> well, in fact, i would be more cautious about that. there are clear signs that europe is getting out of recession. is it going into strong growth? it's probably premature to say that. i'm very confident regarding the u.s. market. we grew by 8% last year and we expect to do well, something similar this year as well. >> what's the next product for you guys? >> well, that leads me to innovation which is as important is premiumization for us. as an example, we try to focus on the revival of the whiskey, particularly the american whiskey. for instance we have this paddy in the flavored version with a new packaging. >> interesting. >> quite attractive. and for the craft products. this pike creek. >> when you drink a single malt, do you do it neat or rocks? >> with one ice cube. >> one ice cube. all right. that sounds good. i'll take it anyway. pierre, thank y
the pmis in the uk, you got to go back five or six years. are you feeling that on this front or is it less noticeable because you never really had the downturn that say a manufacturer did? >> well, in fact, i would be more cautious about that. there are clear signs that europe is getting out of recession. is it going into strong growth? it's probably premature to say that. i'm very confident regarding the u.s. market. we grew by 8% last year and we expect to do well, something similar...
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Sep 27, 2013
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to the guys for the weekend, as you debate what to do with the united states postal service, in the uk, the government has decided it is going to privatize the royal mail after 360 years. shares will start trading two weeks from today, so they have greater access to capital to modernize it the dutch and the germans already have their postal services in the private sector. i would say one thing to you, guys, the reason the usps doesn't work very well here is because the price of a stamp is too low. the price of sending a letter in the united kingdom is 97 cents, first class. that's twice what you pay here to send a letter in a much bigger country. congress needs to raise the price of the stamps and that will help. >> unfortunately, laws against that everybody knows the price of a stamp is too cheap. i think we all agreed. >> twice the cost in the uk and therefore, it will survive in the private sector. raise the price of stamps here and put it in the private sector. >> thanks, simon. >> okay. have a good weekend. have a good time with lebron on monday. >> i know. you send us questions.
to the guys for the weekend, as you debate what to do with the united states postal service, in the uk, the government has decided it is going to privatize the royal mail after 360 years. shares will start trading two weeks from today, so they have greater access to capital to modernize it the dutch and the germans already have their postal services in the private sector. i would say one thing to you, guys, the reason the usps doesn't work very well here is because the price of a stamp is too...
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Sep 23, 2013
09/13
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. >> you know, i look at the economies of germany, the united states, japan, the uk, and i look at them as pack horses. we've put a lot of weight on them. times we thought they were going to go down, they haven't, that is a good thing. but going from a worry of full calamity to stabilization, can you explain what that may mean in terms of how long we're going to have to monitor the peripheral countries before we put out an all-clear the way many want to at this point in time? >> yeah, rick, i mean, basically the u.s. economy's held up by what the fed has done, pumping $100 billion a month in the economy. it will help main street a little bit help the equity market a great deal, and for a while, it helped the bond market until the bond market realized some kind of tapering was coming at some point. in terms of portugal, in terms of greece, you're looking at two countries that cannot afford, under any circumstances, the debt that they have. so europe's done extend, pretend, delaying thing, raising debt limits, but in the end, and i think after the election in germany, europe is going to h
. >> you know, i look at the economies of germany, the united states, japan, the uk, and i look at them as pack horses. we've put a lot of weight on them. times we thought they were going to go down, they haven't, that is a good thing. but going from a worry of full calamity to stabilization, can you explain what that may mean in terms of how long we're going to have to monitor the peripheral countries before we put out an all-clear the way many want to at this point in time? >>...
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Sep 9, 2013
09/13
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carney may be in a difficult position because the uk is doing well. how many times did they say special relationship. the special relationship seems to be breaking down. >> yes, it does. >> it doesn't seem as though our memories of our employment number on friday are very long here, though. >> david, you know how much happened this weekend. u.s. open. >> geno smith had a pretty good game. >> it was all right. that guy who shoved jim out of bounds. that was incredible. >> they are saying the job is his. >> that jobless number was a very long weekend ago because of these. >> that's gone. we'll forget about that. 148 average over the last three months. we'll forget about retail sales being very mixed picture. we talked about it. the consumer, not so bad. what else can we forget about? >> i remember the labor secretary saying it was a good number. that's what i recall. >> i remember him saying that every single months for the last foif years. it reminds me of brian cranston saying in the movie argo, it was the least bad of the least bad numbers, brian cra
carney may be in a difficult position because the uk is doing well. how many times did they say special relationship. the special relationship seems to be breaking down. >> yes, it does. >> it doesn't seem as though our memories of our employment number on friday are very long here, though. >> david, you know how much happened this weekend. u.s. open. >> geno smith had a pretty good game. >> it was all right. that guy who shoved jim out of bounds. that was...
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Sep 5, 2013
09/13
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. >> markets across the uk and across continental europe are shutting down holding on to the gains. we had two important central bank decisions today. one from the bank of england. the second from the european central bank. the european central bank didn't move on interest rates, neither of them did. we knew they wouldn't, but the ecb did say it was ready to cut interest rates again or pump more money into the eurozone economy if needed to bring money market rates back down. mario draghi saying that the eurozone's recovery is very, very green. he didn't mean green in that red/green sense. anyway, we're at 1.3116. european automakers did very well. bmw, daimler, and volkswagen all gaining on that number we had in the united states for sales. back in 2007 highs. worries about syria are in the spotlight as president obama is among world leaders gathering in st. petersburg for the g-20 summit. the president is looking to gain support for a military strike against syria while his russian counterpart vladimir putin is opposed to any such move. we will have more on those two men and their
. >> markets across the uk and across continental europe are shutting down holding on to the gains. we had two important central bank decisions today. one from the bank of england. the second from the european central bank. the european central bank didn't move on interest rates, neither of them did. we knew they wouldn't, but the ecb did say it was ready to cut interest rates again or pump more money into the eurozone economy if needed to bring money market rates back down. mario draghi...
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Sep 12, 2013
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it premiered in the uk on bbc last year, though it is exclusively on netflix in the u.s. today stocks moving down because of analyst down grades. morgan stanley downgrading the stock saying significant gab between price and value that existed 12 months ago has mostly closed and now we see a more balanced risk-reward. the stock is up about 430% in the past 12 months. in a week where the company launched in the netherlands and announced a partner with u.k. cable company virgin media, it looks like the company is going to need another catalyst to move even higher than where shares are now. netflix does not release ratings so we won't know how well "derek" is doing until the end of the quarter. >> we'll just have to rely on the talent of ricky gervais, i guess. >> we'll see if audiences like this show as well as they like the original british "office." >> meanwhile are shares of apple following in the foot steps of microsoft? tom mcclellan will give us an interesting theory next on the show. ask me what it's like to get your best night's sleep every night. [announcer] why not
it premiered in the uk on bbc last year, though it is exclusively on netflix in the u.s. today stocks moving down because of analyst down grades. morgan stanley downgrading the stock saying significant gab between price and value that existed 12 months ago has mostly closed and now we see a more balanced risk-reward. the stock is up about 430% in the past 12 months. in a week where the company launched in the netherlands and announced a partner with u.k. cable company virgin media, it looks...
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Sep 16, 2013
09/13
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. >> canada takes over uk. he is from mozambique. he is in zimbabwe, rhodesia. it will be a while. what can i say? >> i look at this and wonder and continue to question the ability of the administration to execute on the president's agenda and what that means for their tooblt do that and the debt ceiling fight that may be coming. it was clear all along that the president favored larry summers as becoming the next fed chairman. why did he need to make those comments back in june about bernanke? why? and who was the high-ranking official that told "the washington post" that summers was his choice. it might have been the president. they executed poorly for something the president wanted instead of taking a different route. john tester doomed the whole thing at the end. there was no reason if this was the choice they could have gone about it differently, and at least made me wonder whether we are going to have failure to execute when it comes to the debt ceiling failure. >> kelly evans is here. >> good morning. >> some say it is a victory for the right. others say a progressive victory
. >> canada takes over uk. he is from mozambique. he is in zimbabwe, rhodesia. it will be a while. what can i say? >> i look at this and wonder and continue to question the ability of the administration to execute on the president's agenda and what that means for their tooblt do that and the debt ceiling fight that may be coming. it was clear all along that the president favored larry summers as becoming the next fed chairman. why did he need to make those comments back in june...
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Sep 19, 2013
09/13
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from jpmorgan and the remaining will be split between the securities and exchange commission and the uk's conduct authority. we do not know whether jpmorgan has admitted wrong doing. the firm has said there were errors in its oversight and loopholes to allow that trade to happen and get as big as it did and to cause the steepness in losses that it did. but we haven't seen a formal admission of guilt to a regulator. that is expected, if it does happen, to come in the release from the securities and exchange commission, which we have not seen hit the wires yet. but this is a coordinated settlement with all of those four regulators, $920 million in fines. there are a lot of allegations outstanding at the department of justice and cfdc and reported criminal investigations ongoing as well. certainly this is a major milestone for jpmorgan in set e settling these issues but there's a long way to go. >> kayla tausche, thank you very much. kayla mentions the number of agencies that this is all sort of commingling, the acc, the fcc, the occ in the u.k. >> they're just in the cross hairs. it's all f
from jpmorgan and the remaining will be split between the securities and exchange commission and the uk's conduct authority. we do not know whether jpmorgan has admitted wrong doing. the firm has said there were errors in its oversight and loopholes to allow that trade to happen and get as big as it did and to cause the steepness in losses that it did. but we haven't seen a formal admission of guilt to a regulator. that is expected, if it does happen, to come in the release from the securities...